Question: Which type of beta does the adjusted present value model use in contrast to the free cash flow of the firm model? What does this

Which type of beta does the adjusted present value model use in contrast to the free cash flow of the firm model? What does this beta reflect?

What element of the adjusted present value (APV) model gives it flexibility in contrast to the free cash flow of the firm model? How is the interest tax shield treated in the APV model?

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